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After Adani, Zoho Shelves Its $700 Mn Semiconductor Plan

India, May 1 -- A year after announcing its foray into the semiconductor space, SaaS unicorn Zoho has now put its $700 Mn chipmaking plan on hold. Zoho's founder Sridhar Vembu took to X to announce t... Read More


Finfluencer Crackdown Breaks Rigi, Will Beauty Give It A Lifeline?

India, May 1 -- There's a line between sound and poor investment advice and when fintech gurus or 'finfluencers' cross this line only to manipulate their followers, SEBI tends to crack the whip. That'... Read More


OYO To Enter F&B With In-House Kitchens, QSR Carts

India, May 1 -- Hospitality major OYO is planning to foray into the food and beverages sector with in-house kitchens and quick service restaurant carts at its company-serviced hotels. The Ritesh Agar... Read More


Zomato Delisted 19,000 Restaurants In Q4 FY25

India, May 1 -- Eternal's food delivery vertical Zomato delisted 19,000 restaurants from the platform in Q4 FY25. In its shareholders letter, the company, which reported a stagnant quarterly performa... Read More


Zomato Shuts 15-Minute Food Delivery Service Quick, Everyday

India, May 1 -- Just over three months after launching its 15-minute food delivery service, foodtech major Zomato is shutting down the 'Quick' service. In its shareholders letter, Zomato parent Etern... Read More


Blinkit Q4: Adjusted EBITDA Loss Widens 381% YoY To INR 178 Cr

India, May 1 -- Amid cut-throat competition in the quick commerce segment, Blinkit's adjusted EBITDA loss widened over 381% to INR 178 Cr in the March quarter of the fiscal year 2024-25 (Q4 FY25) from... Read More


Eternal Q4: Profit Slumps 78% YoY To INR 39 Cr

India, May 1 -- Deepinder Goyal-led Eternal's consolidated profit after tax (PAT) plunged 77.8% to INR 39 Cr in Q4 FY25 from INR 175 Cr in the year-ago period. Sequentially, the company's bottom line ... Read More


Paytm Cloud Floats New Subsidiary In UAE, Infuses $2.1 Mn

India, May 1 -- Fintech major Paytm's arm Paytm Cloud Technologies Ltd (PCTL) has incorporated a wholly owned subsidiary in the United Arab Emirates (UAE). In an exchange filing, Paytm said that the ... Read More


UPI Transactions See Marginal Dip To 17.89 Bn In April

India, May 1 -- The Unified Payments Interface (UPI) transactions saw a marginal decline of 2.2% month-on-month (MoM) to 17.89 Bn in April from 18.30 Bn in the previous month. On a year-on-year (YoY)... Read More


Dixon Forms JV With Taiwan's Inventec To Make PC Products In India

India, May 1 -- Homegrown electronics manufacturer Dixon Technologies has entered into a joint venture (JV) with Taiwan-based manufacturing company Inventec Corporation to make notebook and desktop PC... Read More